From one year to the next a countrys output rose from 4000, Ask an Expert

Economics

From one year to the next, a country's output rose from 4000 to 4500, its capital stock rose from 10,000 to 12,000, and its labor force declined from 2000 to 1750. Suppose aK = 0.3 and aN = 0.7. How much did productivity contribute to economic growth over the year?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91837101

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